Welcome to
State IT Worker.com

Wealth Building for California State Information Technology Workers

An educational website provided by Butler Educational Services LLC.

This website provides educational information to California State I.T. Workers who wish to build wealth while working full-time.

There are 24 hours in a day which equates to 86,400 seconds each and every day. Time is inescapable and everybody has the same amount of time each day. The smart individual understand that it is what you do with your time that makes the difference!

Are you ready to start building wealth while working full-time? If yes, please understand that building wealth is a process equivalent to a five (5) year I.T. project wherein you have distinct stages to complete to prepare yourself for success.

You have The planning stage, the executing stage, the monitoring & controlling stage, and the closing stage. During the planning stage you have to prepare yourself for wealth. The planning stage includes the following activities:

1. Understanding what Wealth means to you.
2. Developing a Wealth Mindset.
3. Developing your Wealth business acumen.
4. Learning the three (3) basic financial statements.
5. Completing your personal financial statements. (Balance Sheet, P&L Sheet, and Statement of Cash Flows.)
6. Developing your first personal financial plan. (One page financial plan).
7. Survey the skills and resources you possess to earn income from active or passive income streams.
8. Survey what skills, certifications, or licenses you need to obtain to generate your desired wealth.
9. Develop seven (7) active or passive income streams ideals to achieve your desired wealth.
10. Watch the videos on this website to better understand different concepts involved in creating wealth.
11. Visit the "About" page to learn how to contact Laurence Butler if you have questions.


So let's get started. Here is your first lesson.

Lesson (1) - Planning for Wealth

Learning Objectives:

1. Understanding how you individually define wealth.
2. Developing your first financial plan.
3. Introduction to important Financial Statements -
a. Balance Sheet
b. Profit and Loss (P&L) Sheet
c. Statement of Cash Flows


-----Start of Lesson 1-----

Wealth can be defined by any of the three concepts noted below:

(1) An abundance of valuable possessions or money.
(2) The state of being rich; material prosperity.
(3) Plentiful supplies of a particular resource.

Which definition of wealth above fits into your mindset of wealth? You see, the first thing you have to understand is your definition of Wealth provides guidance to you when you are developing your Financial Plan. Yes, you will need to develop a financial plan. A financial Plan is defined as the following:

"A financial plan is a document containing a person's current money situation and long-term monetary goals, as well as strategies to achieve those goals."

Your first action item is to really think about what wealth means to you. For example, If you make $11,000.00 per month or $132,000 per year then a starting point for wealth might be definition #3 of wealth which is, "Plentiful supplies of a particular resource. So a realistic long-term goal for your financial plan would be to double your monthly income. In other words to achieve wealth you might set your financial plan long-term financial goal to double your monthly income from $11,000.00 to $22,000.00 per month. In other words, your going to have to be realistic in your financial goals when you are starting out.

Your second action item you have to accomplish is that you are going to have to create your first three financial statements. These financial statements are your own personal financial statements. You are your business! By creating your personal financial statements you are going to understanding where your money comes from, where your money is going, and where it is now. Additionally, after reviewing your financial statements you are going to understand your actual net worth. Net worth is defined as, "The total wealth of an individual, company, or household, taking account of all financial assets and liabilities."

Lesson #1 Summary -

Lesson 1 talked about the definition of wealth and how individuals defines wealth. Basic financial statement were introduced.

Lesson #1 - Action Items-

1. Create your personal financial Plan.
2. Create your three (3) personal financial Statements.
a. Balance Sheet.
b. Income Statement (P&L Sheet).
c. Statement of Cash Flows.

The next time we visit you should have completed Lesson 1 Action noted above. If you complete Lesson #1 action items you will have created a personal financial plan and the three basic financial statements that will allow you to understand exactly what your financial condition is.

-----End of Lesson 1-----

“Start building wealth by building your business acumen.”

“Building Wealth starts with the right Mindset.”

“Your income is directly related to your philosophy, not the economy.”

– Jim Rohn

What is "Wealth Building?"

Wealth building is the process of generating long-term income through multiple sources. This refers to more than job-based income and instead includes savings, investments, and any income-generating assets. The wealth building definition relies on proper financial planning and insight into one’s future financial goals. Many individuals will turn to wealth building as a way to secure a strong financial future.

“Success is something you attract by the person you become thru your own personal development.”  – Jim Rohn

3 Steps to Financial Wealth Building

To build wealth over time, you must follow three simple steps: (1) make money, (2) save money, and (3) invest money. Before investing, it is essential to have a reliable income source that spans your long-term financial future. After a reliable source of income is assured, it is recommended to set a concrete savings plan. Finally, it is time to invest.

“Profits are better than wages; Wages make you a living and Profits make you a fortune; Learn how to make both a living and a Fortune.” – Jim Rohn

Step 1. Making Money


It is essential to state that a constant source of reliable income over time is fundamental to wealth-building.  A small amount of regular savings from this source of income can compound into a substantial amount. An important question to ask yourself is whether or not your current job can provide you with a regular amount of savings for 40 to 50 years. If not, it may be time to look for ways to increase your income.


The two basic types of income are earned and passive. Earned income comes from your regular occupation, while passive income comes from investments. To increase your earned income, you may first have to make changes in your occupation. Once you find the proper financial stability, you can start saving and investing.

“What you become thru personal development is much more valuable than what you get.”   – Jim Rohn

Step 2. Saving Money

Many people live comfortably after finding financial stability, but do not save their money well. The second key to wealth-building is setting aside a portion of your earned income regularly. Once you have saved enough, you can start investing to grow passive income. Here are a few ways to to start saving money:

  • Keep track of your spending each month.
  • Reduce your non-essential spending.
  • Always have about 6 months worth of expenses saved in case of emergencies.
  • Contribute to your retirement plan

“The major question to ask on the job is not what you are getting here; but, What am I becoming here.” – Jim Rohn

Step 3. Investing Money


Finally, once you have a stable foundation, you can start investing your money appropriately. However, to build a diverse investment portfolio, you will have to take a few risks. It is important to research how much asset allocation is appropriate for you. While you can do this research yourself, using a financial advisor is also recommended for new investors.


Once you have assured yourself of how much you want to spend, you can decide which wealth-building assets are right for you.


“Money is usually attracted, not pursued.” – Jim Rohn

Making Money in 3 easy steps:

Follow the steps below to start earning secondary income.

Step 1.

Start Your Business

Choose your Business Entity type and get necessary license(s), permit(s), and marketing materials made.  

Step 2.

Grow Your Business

Make your business known to others. Develop necessary skills or obtain necessary professional licenses.

Step 3.

Start Making Money

Develop the necessary income streams to achieve your financial goals as defined in your financial plan.

” I am always ready to learn although I do not always like being taught.”

– Winston Churchill 

Get Financially Literate!

How Financial Literacy Works


Because financial literacy begins with your first interactions with money, it is a lifelong journey—one that inevitably has good and bad moments. While you can develop financial literacy by consuming educational content about personal finance, you will also gain it through real experiences.

Financial literacy is the ability to understand the pros and cons of a money decision, weigh the costs, and confidently decide what to do. But being financially literate doesn’t mean you know everything about money; rather, it equips you to seek out the answers you need in order to make a good financial decision.

Here are some questions financially literate people often ask themselves when faced with a money decision:

  • How much will this cost?
  • How do the short-term and long-term costs of this choice compare?
  • What are the rules that apply to this choice? For example, if I miss a payment, will I have to pay a fee?
  • If I use my money for this, what will I have to give up? What will I gain?
  • If this is a risky decision, can I afford to lose this money?


” No matter how small you start, start something that matters.”

– Brendon Burchard

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Start Your Side Hustle!

Definition of a Side Hustle


A side hustle is any type of employment undertaken in addition to one’s full-time job. A side hustle is generally freelance or piecework in nature, providing a supplemental income. Side hustles are often things a person is passionate about, rather day a typical day job worked in order to make ends meet. 

A side hustle is not the same as a part-time job. While a part-time job still entails someone else (your employer) calling most of the shots (including hours worked and what you’ll be paid), a side hustle gives you the freedom to decide how much you want to work and earn.

With financial security a problem for nearly half of Americans, side hustles prove to be a viable option for many people working to get out of debt or testing the entrepreneurial waters.





” Patience, persistence and perspiration make an unbeatable combination for success.”  – Napoleon Hill 

Develop a Successful Mindset!

What is Mindset?

Mindset is an idea, based on decades of research, by Dr. Carol Dweck, a Psychologist, based at Stanford University. In her research, Dr. Dweck found that people generally have either a Growth Mindset or a Fixed Mindset. People with Fixed Mindsets believe that we are born with all of the intelligence, smarts, athletic ability, artistic ability, social adaptability that we will have for the rest of our lives. In other words, you’re either born smart, or athletic, or artistic, or personable, or not. People with Growth Mindsets believe that, with effort and hard work, we are able to grow and develop our intelligence, smarts, athletic ability, artistic talents, and social adaptability. In other words, we can grow our brains, make ourselves smarter, and become better athletes, artists, and social beings.  

Recent research in the fields of psychology and neuroscience confirm the concept that we are, in fact, able to grow our brains! Our brains are constantly producing and growing new neurons when we learn something new, visit new places and develop new skills. These neural pathways are strengthened with repeated practice or reinforcement, making accessing newly learned information easier and quicker. Much in the same way our muscles grow and strengthen and we develop muscle memory with repeated practice.

  • People with a Growth Mindset know that it will probably be challenging to learn something new. We might fail or struggle with new ideas, concepts, and skills at first. They know that they haven’t “gotten it,” yet. However, with repeated practice and effort, they will stretch and grow their brains, and improve towards achieving their goal.
  • People with Fixed Mindsets often give up at the first sign of struggle. This is the case of people who consider themselves to be naturally “smart,” “talented,” or “gifted.” If they perceive that they might fail, then they often won’t even try, because failure might confirm that they are not as smart, talented or gifted as they thought they were.

” The size of your success is measured by the strength of your desire; the size of your dream; and how you handle disappointment along the way.”

– Robert kiyosaki

” The money you make is a symbol of the value you create.”  – Idowu Koyenikan

Robert Kiyosaki

Rich Dad | Poor Dad

” The money you make is a symbol of the value you create.”  – Idowu Koyenikan

Financial Success is achieved by having a Financial Plan!

A financial plan is a document containing a person’s current money situation and long-term monetary goals, as well as strategies to achieve those goals. A financial plan may be created independently or with the help of a certified financial planner.

  • A financial plan documents an individual’s long-term financial goals and creates a strategy for achieving them.
  • The plan should be comprehensive, but also highly individualized to reflect the individual’s personal and family situation, risk tolerance, and future expectations.
  • The plan starts with a calculation of the person’s current net worth and cash flow and ends with a strategy.

“The journey of a thousand miles begins with one step.” – Lao Tzu

“Don’t compare yourself with other people; compare yourself with who you were yesterday… ” – Dr. Jordan Peterson

Dr. Jordan Peterson

“The way to get started is to quit talking and begin doing.” – Walt Disney

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